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Fremont Street Draws More Tourists and More Cops

Fremont Street Draws More Tourists and More Cops

The popularity that is growing of Vegas’ downtown Fremont Street area has required more police presence also. (Image: lasvegastours.onboardtours.com)

As Las Vegas continues to jump right back from the economic depression, with the Strip posting its 5th annual revenue escalation in a line, Sin City’s Fremont Street area downtown is experiencing a renaissance as well. In fact, the regeneration that is recent of Street and its environs is attracting so many visitors, Metro Police are being forced to rethink how they police the complete city of Las Vegas.

‘ We had been very focused on vegas Boulevard [the Strip] for several years because that’s where we had been seeing the infusion of individuals,’ Sheriff Doug Gillespie told Metro’s Fiscal Affairs Committee this week. ‘ nevertheless the dynamics have actually changed downtown. Now a whole lot more individuals are planning to come downtown on a more regular basis.’

It’s not just that the people are coming there in droves; the very nature regarding the tourism has changed, too. While the area surrounding ‘Glitter Gulch,’ as it used to be understood back in Elvis’s day, was once a small rough round the edges, it is now being a hub of art and culture. Bail bondsmen and pawnbrokers happen at least somewhat changed with galleries and clothing that is vintage, because well bars, clubs and restaurants.

Millennials Descend

Which means that, in short, individuals are spending less t Continue Reading →

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888 Launching Interstate Poker, Mattingley Away From CEO Position

888 Launching Interstate Poker, Mattingley Away From CEO Position

888 Holdings will function as first United States interstate poker network, between Nevada and Delaware. (Image: pokerfuse.com)

888 Poker may be in the position that is best of any brand to completely make use of this newly regulated US online gambling markets. They truly are a reasonably big name with no issues that bother regulators, plus they’re already established (to various extents) in most three states that currently regulate Web gambling.

Now, the company will be the first to turn intrastate internet poker into an interstate enterprise. 888 has announced that they’ll launch a shared poker network between Delaware and Nevada, the 2 states that have signed a compact to allow such networks that are interstate exist.

888 Only Company constantly in place to Benefit

Since that agreement was signed between the states back in February, it was expected that 888 could be the first (as well as perhaps only) firm to make the most of that compact. While multiple companies have poker sites running in Nevada, 888 may be the only firm that provides software to Delaware’s three racetrack casinos. That means that any interstate partnership with Delaware would inevitably benefit 888.

The announcement by 888 arrived in a statement to investors this week. The company already provides the software for the World Series of Poker (WSOP) internet poker site in Nevada, and can be planning to introduce their own poker that is Continue Reading →

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Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled

Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled

Caesars presently holds over $24 billion in financial obligation.

Caesars Interactive Entertainment (CIE), as an element of Caesars Growth Partners (CGP), has been lauded as a spot that is bright the Caesars brand. At any given time whenever company is coping with tremendous debt and legal actions with bondholders, CGP is overseeing online operations as well as other areas of growth as an ingredient of a strategy to reorganize Caesars and make the organization’s finances sustainable for the long haul. It’s a bit early to express if that’s going to operate, but one this is certainly clear: CIE is certainly holding up their element of the discount.

Within the very first half of 2014, CIE brought in $268.8 million, an enhance of almost 90 per cent on the $142.1 million they introduced final year. The enhance was slightly more dramatic within the 2nd quarter alone, with net revenues up more than 95 percent to $144.6 million.

Positive Cash Flow for CIE

At this time, CIE is still posting losings for the 12 months. The company is down $16 million for 2014, though that’s still a noticable difference over the $27.1 million they lost into the first 1 / 2 of 2013. But with 20.5 million in profits in the quarter that is second it’s quite possible that the business could possibly be in the black colored by the end of the year.

‘With the Interactive Entertainment segment generating positive income, we remain con Continue Reading →

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